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OK, here we go!! In my admittedly amateurish approach, i have
developed a very basic, simple momentum based system. Basically, i
look for stocks that have just hit 60 day highs on much higher than
normal volume. Then i look at the 90 chart to look for the best
setups, nothing that has gone up 20 points in two days, etc.
basically just looking at the chart to see what looks best. Then i
place a buy stop, either phsical or mental (depending on the market),
1/4 pt or so above the HIGH of the previous day. Thats it simple,
easy, and it worked well in april, not so well after. I generally
look for 2-3 points with a 2 point stop. With that said, i will offer
the results of my research, i may be emabarrassed, i may be
huniliated, but at least i tried. I hope others will follow my lead.I
know how to predict the past, maybe all the smart people out there
can help me with the future!! Here are my picks for Friday:
All are longs (works best for momentum plays)
cien above 35 7/16
mxim above 69 5/8
dyn above 23 1/8
novl above 30 1/8
extr above 62 1/4
lncr above 30 3/4
there the are hope i can face everyone after the close fri
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